Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

A lack of privacy from the press is the cost of fame, a lack of privacy from the IRS sounds rather reasonable as an equivalent for wealth.

Honestly, the way the IRS mostly catches tax frauds is by checking self-reported income against wage expenses reported by employers, in theory we really don't need to be personally involved with tax calculations and a lot of countries (like Sweden) just tell you what they think is right and ask if they messed anything up... the only reason we don't do that in the US is because Intuit has a huge boatload of money.

As an aside, nearly all financial transactions are carefully reviewed these days under the excuse of anti-terrorism or child safety in an effort to try and detect money laundering (which, in an open system, is super hard - but becomes solvable in a closed system)... and I'm alright with that.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: